You Checked the €/$ Exchange Rate a Week Ago and You

question 5

Multiple Choice

You checked the €/$ exchange rate a week ago and you found that one Dollar cost you €0.8214.When you checked the €/$ exchange rate again yesterday one dollar was trading at €0.8026.By how much did the value of the Euro appreciate (depreciate) ?

• A) depreciated by 3.56%
• B) appreciated by 3.56%
• C) appreciated by 2.29%
• D) depreciated by 2.29%

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Definitions:

Annelids

A phylum of segmented worms that includes earthworms, leeches, and their relatives, characterized by their segmented body structure.

Segmented Worms

Invertebrates characterized by a segmented body plan, belonging to the phylum Annelida, which includes earthworms and leeches.

Phylum

A principal taxonomic category that ranks above class and below kingdom, grouping together organisms that share a basic structural and developmental pattern.

Phylum

A classification in the biological taxonomy that is below kingdom and above class, used to group organisms with a common plan of structure or development.